23 September 2009
RATES OF DEPRECIATION UNDER COMPANIES ACT SCHEDULE XIV [See sections 250 and 350]
RATES OF DEPRECIATION __________________________________________________________________________ Single Shift Double Shift Triple Shift Nature of Assets ------------ ------------ ------------ WDV SLM WDV SLM WDV SLM ___________________________________________________________________________
I BUILDINGS (a) Buildings(Other than 5.00 1.63 factory Buildings) [NSED] (b) FACTORY BUILDINGS 10.00 3.34 (c) Purely Temporary Erections 100 100 such as wooden structures.
II PLANT AND MACHINERY (i) General rate applicable to (a) plant & machinery (not 13.91 4.75 20.87 7.42 27.82 10.34 being a ship) other than continuous process plant for which no special rate has been prescribed under (ii) below (b) continuous process plant, 15.33 5.28 2[***] for which no special rate has been prescribed under (ii) below [NSED]
(ii)Special Rate A. 1. Cinematography films- 20.00 7.07 Machinery Used in the production and Exhibition of cinematography Films[NSED] a. Recording equipment, reproducing Equipment, developing machines Printing machines, editing Machines, synchronisers and Studio lights excepts bulb b. Projecting equipment of Film exhibiting concerns 2 Cycles [NSED] 20.00 7.07 3 Electrical machinery, X-ray 20.00 7.07 and electro-therapeutic apparatus and accessories thereto medical, diagnostic equipment, namely cat-scan, ultrasound machines, ECG monitors, etc.[NSED] 4 Juice boiling pans (karhais) 20.00 7.07 [NSED] 5 Motor-cars, motor-cycles, 25.89 9.5 scooters & other mopeds[NSED] 6 Electrically operated 20.00 7.07 vehicles including battery powered vehicles [NSED] 7 Sugarcane crushers(indigen- 20.00 7.07 Ous kolhus & beans) [NSED] 8 Glass manufacturing concerns 20.00 7.07 30.00 11.31 40.00 16.21 except direct fire glass melting furnaces- Recuperative and regenerative glass melting furnaces 9 Machinery used in the 15.62 5.38 23.42 8.46 31.23 11.87 manufacture of electronic goods and components
B.1 [Aeroplanes, aero engines, 16.2 5.6 simulators, Visual System and quick engine change Equipment [NSED] 2 Concrete pipes manufacture- 30.00 11.31 Moulds [NSED] 3 Drum containers manufacture- 30.00 11.31 Moulds [NSED] 4 Earth-moving machinery 30.00 11.31 employed in heavy construction works, such as dams, tunnels, canals, etc. [NSED] 5 Glass manufacturing concerns 30.00 11.31 except direct fire glass melting furnaces-Moulds 30.00 11.31 [NSED] 6 Moulds in iron foundries 30.00 11.31 [NSED] 7 Mineral oil concerns-Field 30.00 11.31 operations(above ground)- Portable boilers, drilling tools, well-head tanks, rigs, etc.[NSED] 8 Mines and quarries-Portable 30.00 11.31 underground machinery and earth-moving machinery used in open caste mining[NSED] 9 Motor buses and motor 30.00 11.31 lorries other than those used in a business of running them on hire[NSED] 9A Motor tractors, harvesting 30.00 11.31 combines[NSED] 10 Patterns, dies and 30.00 11.31 templates[NSED] 11 Ropeway structures-Ropeways, 30.00 11.31 ropes and trestle sheaves and connected parts[NSED] 12 Shoe and other leather goods 30.00 11.31 45.00 18.96 60.00 29.05 fabrics-Wooden lasts used in the manufacture of shoes
C. 1. [** ** **] 40.00 16.21 2. Motor buses, motor lorries 40.00 16.21 and motor taxis used in a business of running them on hire [NESD] 3. Rubber and plastic goods 40.00 16.21 factories-Moulds[NESD] 4. Data processing machines including computers[NESD] 5. Gas cylinders including 40.00 16.21 valves and regulators[NESD]
D. 1.Artificial silk 100 100 manufacturing machinery with Wooden parts 2. Cinematograph films-Bulbs 100 100 of studio lights 3. Flour mills-Rollers 100 100 4. Glass manufacturing 100 100 concerns-Direct fire glass Melting Furnaces 4A. Flot Glass Melting Furnaces 27.00 10.00 (NESD) 5. Iron and Steel industries- 100 100 Rolling mill rolls 6. Match factories-Wooden 100 100 match frames 7. Mineral oil concerns- (a) 100 100 Plant used in field operations (below ground)-Distribution returnable packages; (b)Plant used in field operations (below ground)but not including assets used in field operation distribution) Kerbsides pumps including underground tanks & fittings 8. Mines And Querries 100 100 9. a. Tubs, winding ropes, 100 100 haulage ropes and sand Stowing pipes b Safety Lamps 10. Salt works-Salt pans, 100 100 reservoirs and condensers Etc. made of earthy, sandy or clay material or Any other similar material 11. Sugar works-Rollers 100 100
III FURNITURE AND FITTINGS 1 General Rates [NESD] 18.1 6.33 2 Rate for furniture & fittings used in hotels, restaurants and boarding houses; schools, colleges and other educational institutions, libraries; welfare centers meeting halls, cinema houses, theatres and circuses;
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